Rivian Q3 deliveries beat expectations, jump 23% from previous quarter

October 2, 2023
Rivian reported Monday it produced 16,304 vehicles at its Normal, Illinois factory and delivered 15,564 to customers, a higher-than-expected result that puts the company on track to beat its estimates for the year. Shares of Rivian fell 3% before gaining back some ground to settle at $24.13. Rivian expects to produce 52,000 vehicles in 2023. […]

Spotify spotted developing AI-generated playlists created with prompts

October 2, 2023
Following the successful launch of Spotify’s AI-powered DJ feature and, more recently, added support for AI-translated podcasts, Spotify now appears to be developing another means of using AI in its app: AI-powered playlists. References discovered in the app’s code indicate the company may be developing generative AI playlists users could create using prompts. The new […]

Where fintech is strongest as SBF heads to court

October 2, 2023
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Welcome to Q4 2023, the period in which we are all going to […]

3 Energy Stock Investments Beating Exxon Mobil (XOM)

October 2, 2023
Considering the burgeoning crude oil prices, the energy sector has considerable potential for significant expansion this year. Given this backdrop, quality energy stocks TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC),…

Tesla misses on Q3 delivery expectations

October 2, 2023
Tesla delivered 435,059 vehicles in the third quarter, a result that missed Wall Street expectations and was nearly 7% lower than the previous quarter. Tesla said planned downtimes at its factories led to lower production and delivery numbers. “A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the […]

Humata AI summarizes and answers questions about your PDFs

October 2, 2023
Cyrus Khajvandi, a Stanford biology graduate and two-time entrepreneur, often found it challenging to stay on top of scientific research while managing his daily workload . Recognizing that he wasn’t the only one — and that AI technology was becoming more accessible — Khajvandi began developing an AI platform to summarize and answer questions about […]

Progress, the company behind MOVEit, patches new actively exploited security flaws

October 2, 2023
Progress Software, the company behind the recently hacked MOVEit file-transfer software, has released fixes for two more critical-rated vulnerabilities that are being exploited by attackers. In an advisory published last week, Progress warned of multiple vulnerabilities affecting its of its enterprise-facing WS_FTP file-transfer software, which the company claims is used by thousands of IT teams […]